Equifax Settlement PSA (update 9/10)

[Cappy]

UPDATE: www.cbsnews.com/news/equifax-breach-settlement-if-you-want-that-125-or-less-dont-ignore-the-equifax-email/?fbclid=IwAR3KWJm5G32hHZzd44KOSy43DSdp0Zu_TA9XWIc71_0firz6W9zE_R-6LYU

PSA: If your data was exposed as a part of the Equifax breach you can get up to 10 years of free credit monitoring and insurance OR a $125 settlement (comes after January 2020). There is a way to see if you were a part of the breach. If you had identity theft or incurred losses you can get more compensation (including up to 20 hours of your time at $25/hour).

I was a victim of the Anthem identity theft in 2015 where someone filed fraudulent federal and state taxes in my name, causing a whole big mess and I definitely would have appreciated some compensation for that. Instead I got just 1 year of credit monitoring    

www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement

[tripleshot]

Thanks! It was a $125 settlement.

[Cappy]

Jul 25, 2019 9:00:31 GMT -5 tripleshot said:

Thanks! It was a $125 settlement.

Doh! Thanks! I've edited. 

[callmekd]

thanks!

[k3am]

Thanks.. I was affected, but DH wasn't, so looks like I'm the "lucky" one to get free monitoring.

[JayhawkGirl]

Jul 25, 2019 15:13:41 GMT -5 k3am said:

Thanks.. I was affected, but DH wasn't, so looks like I'm the "lucky" one to get free monitoring.

Same here. I checked ours kids too, they were clear.

[Cappy]

Aug 1, 2019 11:34:49 GMT -5 fn2187 said:

www.foxla.com/news/ftc-says-its-likely-that-no-one-is-getting-that-125-equifax-settlement-payout

Important to read before taking “payout”

I was just coming here to share this! Disappointing but not at all surprising. 

Although because of this whole debacle I signed up for Credit Karma and am loving the interface (and fact that its free). 

[preppy]

DH and I were both affected - I ended up doing the credit monitoring for us both since neither of us have any and froze our credit for now. I feel like payout will end up being like 60 cents so I figured this was a better option. My kids were not affected but I think I might freeze their credit? I didn't realize that was a thing until these threads but it makes sense since they clearly aren't opening up accounts at 2 and 3.

[freshsqueezed]

Aug 2, 2019 9:23:22 GMT -5 Cappy said:

Aug 2, 2019 8:13:56 GMT -5 preppy said:

DH and I were both affected - I ended up doing the credit monitoring for us both since neither of us have any and froze our credit for now. I feel like payout will end up being like 60 cents so I figured this was a better option. My kids were not affected but I think I might freeze their credit? I didn't realize that was a thing until these threads but it makes sense since they clearly aren't opening up accounts at 2 and 3.

If you figure out how to freeze the credit for minors will you share your experience with the process? I need to do this. One of my kids (7 years old) was a part of the Anthem breach and I have had it on my list. I was not able to do it online like I could for us and gave up re: the process for minors. I'd like to do it for both my girls. 

I have frozen credit for my children. They all tell you in their website what you need. It was basically sending in copies of their information and mine stating I wanted their credit frozen. It all had to be done by mail. They then send back a form once it is done.

[Cappy]

Now they are saying we might get the chance to opt back into the monitoring. This is exhausting.

www.cnn.com/2019/08/02/tech/equifax-check-claim-change/index.html

[Cappy]

Update: By October 15 you can change back to credit monitoring or confirm the cash settlement option (requires you type in the name of the monitoring)

www.cbsnews.com/news/equifax-breach-settlement-if-you-want-that-125-or-less-dont-ignore-the-equifax-email/?fbclid=IwAR3KWJm5G32hHZzd44KOSy43DSdp0Zu_TA9XWIc71_0firz6W9zE_R-6LYU

Mine was sent to me 3 days go but got buried in my Gmail promotions box until I read this from a friend and dug it out

[Deleted]

Thanks for the update. H, myself, and my son were all affected and opted for the cash settlement because we have credit monitoring through our individual credit cards. I entered that information in on the website and now we'll sit back and wait for our checks in the amount of $3.78.